BITCOIN APPRECIATED 3 TIMES OPPOSING GOLD FROM MARCH UNTİL NOW

By cryptogirll | CryptoLovers | 5 Dec 2020

Since the hard landing in March, Bitcoin (BTC) appreciated 3 times value opposing gold. As of the beginning of 2020, both of resources acquired important gains. Bitcoin gained 450% value while gold rose 50%.

According to experts, both coronavirus pandemic and institutional investor influx had a big impact in this gain. These two factors quite speeded up adoption of Bitcoin (BTC). The second wave of coronavirus caused Bitcoin to stand out as a hedge asset in the face of rising inflation.

INSTITUTIONAL INVESTORS ARE TAKING BITCOIN (BTC)

Institutional investors are flocking to Bitcoin as Bitcoin performs better than gold and has many features similar to gold, such as limited supply. And this growth can be seen easily from the amount of Bitcoin in the hands of Grayscale, a digital asset management company. d559f80067d38c184dd7a51a414dff46b085f7d801cc854b81d9c7bc7f623de5.png

Recently, also Raoul Pal, the CEO of Real Vision that is financial TV channel, announced that the gold asset will almost entirely buy Bitcoin and gold.

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